McGuire Investment Group LLC Acquires 2,413 Shares of RTX Corporation $RTX

Key Points

• McGuire Investment Group LLC increased its stake in RTX Corporation by 7.0% during the second quarter, acquiring an additional 2,413 shares and bringing its total holdings to 36,918 shares valued at approximately $5,391,000.
• Analysts have raised their target prices for RTX with Goldman Sachs setting a new target of $126 and UBS increasing it to $177, contributing to a consensus rating of "Moderate Buy" with an average target price of $158.87.
• RTX reported impressive second-quarter earnings, beating analysts' expectations with an EPS of $1.56 and revenue of $21.58 billion, reflecting a 9.4% increase compared to the same period last year.

McGuire Investment Group LLC boosted its holdings in RTX Corporation (NYSE:RTX - Free Report) by 7.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,918 shares of the company's stock after acquiring an additional 2,413 shares during the quarter. McGuire Investment Group LLC's holdings in RTX were worth $5,391,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RTX. Gries Financial LLC lifted its stake in RTX by 0.7% in the second quarter. Gries Financial LLC now owns 9,780 shares of the company's stock valued at $1,428,000 after acquiring an additional 69 shares during the last quarter. TrueWealth Advisors LLC lifted its stake in shares of RTX by 3.6% during the 2nd quarter. TrueWealth Advisors LLC now owns 2,007 shares of the company's stock worth $293,000 after buying an additional 70 shares during the last quarter. RMR Wealth Builders lifted its stake in shares of RTX by 3.6% during the 2nd quarter. RMR Wealth Builders now owns 2,036 shares of the company's stock worth $297,000 after buying an additional 70 shares during the last quarter. Verum Partners LLC lifted its stake in shares of RTX by 1.8% during the 2nd quarter. Verum Partners LLC now owns 4,093 shares of the company's stock worth $598,000 after buying an additional 73 shares during the last quarter. Finally, Hamilton Capital LLC lifted its stake in shares of RTX by 3.6% during the 1st quarter. Hamilton Capital LLC now owns 2,122 shares of the company's stock worth $281,000 after buying an additional 74 shares during the last quarter. Institutional investors own 86.50% of the company's stock.

Analyst Ratings Changes

RTX has been the subject of a number of research reports. The Goldman Sachs Group raised their target price on shares of RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a research note on Monday, June 23rd. UBS Group raised their target price on shares of RTX from $166.00 to $177.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Jefferies Financial Group restated a "hold" rating on shares of RTX in a research note on Monday, July 21st. Royal Bank Of Canada restated an "outperform" rating and set a $170.00 target price (up previously from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Finally, Sanford C. Bernstein raised their target price on shares of RTX from $154.00 to $157.00 and gave the stock a "market perform" rating in a research note on Wednesday, September 10th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, RTX presently has a consensus rating of "Moderate Buy" and an average target price of $158.87.

RTX Price Performance

NYSE:RTX opened at $167.37 on Thursday. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $168.28. The firm has a market cap of $224.03 billion, a price-to-earnings ratio of 36.78, a P/E/G ratio of 3.08 and a beta of 0.66. The firm's 50-day simple moving average is $157.75 and its 200 day simple moving average is $143.42. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. During the same period last year, the firm earned $1.41 earnings per share. RTX's revenue for the quarter was up 9.4% compared to the same quarter last year. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, sell-side analysts predict that RTX Corporation will post 6.11 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Troy D. Brunk sold 7,654 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the transaction, the insider directly owned 16,442 shares in the company, valued at approximately $2,551,798.40. The trade was a 31.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kevin G. Dasilva sold 8,704 shares of the business's stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the completion of the transaction, the vice president owned 30,004 shares of the company's stock, valued at $4,686,624.80. The trade was a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is owned by company insiders.

About RTX

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.

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